Many retired investors have more income than they need. Here are some strategies to stay in a lower tax bracket during retirement.
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How To Reduce Your Retirement Income
2019 Tax Brackets
2019 is almost over, and you may be wondering what tax bracket you’ll end up in, and for good reason. There are a lot of reasons you may need to check 2019 tax bracket information. Year-end charitable gifting, deciding if you should take a bonus in this tax year, deciding if you should exercise stock options, are just a few good reasons to see what bracket you’ll end up in.
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Retirement account gaffes: Clients’ biggest withdrawal mistakes
This is a great article by Ed Slott. There are ways to avoid the 10% penalty tax for taking money out of your IRA early. But you’d better make sure you understand the rules clearly before taking an early withdrawal. This is a great resource for all the exceptions to the early withdrawal penalty. Baby…
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WWII Veteran talks about storming Omaha beach
You don’t often hear WWII veterans talk about their experience in the war, because it was so horrible. This is a touching story shared by one of the few veterans we have left from that era. Well worth the watch. Better have some tissues handy. Thank you to all of those who have served our…
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Year-End Tax Planning Tip #1
Over the next two months, mutual fund companies will be paying out year-end distributions in the form of capital gains to shareholders. While this may sound like something great that you wouldn’t want to miss out on, it’s not really what you might think. Capital gains distributions that a fund pays out to shareholders is…
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Michigan Pulls $600 Million From Ken Fisher After Lewd Remarks
I wanted to post this article about Ken Fisher because I know first hand how aggressively he markets his company to retired investors. I’m not one to ever try to disparage my competition in any way. But I think everyone should know the true nature of this organization that is constantly running ads on TV,…
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Retirement expert: Americans can ‘catch up’ on savings shortfall
I want to make a very important point that the majority of my clients have saved the bulk of their retirement nest egg in the last 10 years of their working years. During this ‘golden decade’, as I like to call it, you’re at your peak earning years, and your expenses are lower than they’ve…
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New Scam Involves Fake Property Tax Liens
With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency. This is a new twist on an old scam because of the realistic looking letter. Many people have been…
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